Carrier Global Co. (NYSE:CARR) Shares Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp grew its position in shares of Carrier Global Co. (NYSE:CARR) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 177,228 shares of the company’s stock after purchasing an additional 244 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Carrier Global were worth $12,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter valued at about $31,000. Meeder Asset Management Inc. increased its stake in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after acquiring an additional 340 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of Carrier Global during the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth approximately $49,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Down 6.0 %

Shares of NYSE:CARR opened at $57.06 on Monday. The company has a market capitalization of $49.30 billion, a price-to-earnings ratio of 9.09, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a 50 day moving average of $65.27 and a two-hundred day moving average of $71.26. Carrier Global Co. has a 52-week low of $48.50 and a 52-week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. Finally, Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.